Month: August 2023

US Bitcoin ETF Approval Could See North America’s ETF Volume Rise To 99.5%

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North America could see its share in the global trading volume for crypto-related exchange-traded funds (ETFs) grow even further if spot Bitcoin ETFs are approved in the United States, a Bloomberg analyst said. This comes after the US Securities and Exchange Commission (SEC) issued a delay letter regarding Ark Invest’s application for a spot Bitcoin ETF. In a widely-anticipated delay, the SEC is asking for new written comments on the spot Bitcoin application. Some of the issues raised by the commission include the suitability of Bitcoin as an underlying asset…

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

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Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

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Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading. Rene Larralde from Melbourne, Florida, Juan Pablo Valcarce from West Melbourne, Florida, Brian Early from New Orleans, Louisiana and Alisha Ann Kingrey from Franklin, Arkansas, along with their unincorporated entity Fundsz, face allegations of misleading investment solicitations. They allegedly enticed investors with implausible returns based on a purported “proprietary algorithm.” The CFTC lodged a complaint in the U.S. District…

Unleashing the Potential of the 2024 Halving on Prices

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In the context of the constantly changing and complex cryptocurrency industry, Bitcoin is currently facing a critical point in its trajectory, as it confronts a range of heightened price pressures that pose significant challenges. The upcoming halving event in 2024 has generated significant anticipation, drawing attention to the complex interaction of various elements that contribute to the value and destiny of the subject in question. Bitcoin’s value has increased by 75% so far this year despite having to deal with regulatory scrutiny and fraud. The leading crypto in terms of…

CFTC Files Fraud Charge Against ‘Blockchain’ Entity That Claims To Grow Customer Funds

The Commodity Futures Trading Commission has filed a complaint in the US District Court for the Middle District of Florida against four individuals and their unincorporated entity, Fundsz. This complaint accuses them of fraudulent solicitation from customers to supposedly trade in cryptocurrencies and precious metals. According to its website, Fundsz claims to be a decentralized platform that utilizes “revolutionary” blockchain technology that empowers individuals, charities, and institutions to raise recurring and sustainable income.  Fundsz Makes Up Fictional Weekly Returns For Clients, CFTC Says In a press release published on August…

Polkadot Bearish Trends Set The Stage For Bullish Possibilities

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Polkadot (DOT) has managed to capture the attention of traders and investors alike. Despite a persistently bearish market structure, recent indicators point towards a potential bullish recovery on the horizon.  As of the latest data from CoinGecko, DOT is currently trading at $5.02, with a 0.7% gain in the past 24 hours and a 1.5% increase over the past seven days. Polkadot price action today. Source: Coingecko With the broader market experiencing an upward price trajectory, DOT buyers are poised to reap potential benefits. Analyzing the market dynamics, the Relative…

Visa launches card payments for on-chain transaction fees

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Visa has been exploring ways to allow users to pay blockchain gas fees directly with a credit or debit card. Gas fees are required for transactions on blockchain networks like Ethereum (ETH). Traditionally, users needed to hold balances of native cryptocurrencies like ETH to cover these fees. In an internal experiment, Visa leveraged smart contract technology to let users pay gas fees in fiat currency through a linked Visa card. This aims to remove the need…

Solana Price Sparkles With 9% Increase

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Solana (SOL) has managed to shake off recent price dips, rekindling bullish optimism among investors. This resurgence comes on the heels of a determined effort by sellers to flip the altcoin’s trajectory bearish, following a price rejection at the critical $29 resistance level.  However, SOL’s retreat from this resistance proved to be a strategic move as it found support in the bullish order block (OB) at $22, setting the stage for a renewed uptrend. SOL’s journey from the formidable $29 price mark to the bullish order block at $22 was…